Santander Consumer USA Holdings Inc. (SC) Given Consensus Recommendation of “Buy” by Brokerages

Santander Consumer USA Holdings Inc. (NYSE:SC) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.08.

A number of research firms recently commented on SC. JMP Securities lifted their price objective on Santander Consumer USA Holdings from $16.00 to $21.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. Zacks Investment Research cut Santander Consumer USA Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. UBS AG lifted their price objective on Santander Consumer USA Holdings from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Jefferies Group LLC lifted their price objective on Santander Consumer USA Holdings from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 30th. Finally, Citigroup Inc. began coverage on Santander Consumer USA Holdings in a research report on Tuesday, October 17th. They set a “neutral” rating and a $16.00 price objective for the company.

TRADEMARK VIOLATION WARNING: “Santander Consumer USA Holdings Inc. (SC) Given Consensus Recommendation of “Buy” by Brokerages” was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.themarketsdaily.com/2017/11/16/santander-consumer-usa-holdings-inc-sc-given-consensus-recommendation-of-buy-by-brokerages.html.

Shares of Santander Consumer USA Holdings (NYSE SC) traded up $0.50 during mid-day trading on Thursday, hitting $16.28. The stock had a trading volume of 1,910,300 shares, compared to its average volume of 2,013,883. Santander Consumer USA Holdings has a twelve month low of $11.12 and a twelve month high of $17.05. The stock has a market capitalization of $5,820.00, a PE ratio of 9.02 and a beta of 1.32.

Santander Consumer USA Holdings (NYSE:SC) last announced its quarterly earnings results on Friday, October 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Santander Consumer USA Holdings had a return on equity of 11.33% and a net margin of 10.17%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. equities analysts expect that Santander Consumer USA Holdings will post 1.95 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.74%. The ex-dividend date is Monday, November 6th. Santander Consumer USA Holdings’s dividend payout ratio (DPR) is 6.45%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. grew its holdings in Santander Consumer USA Holdings by 6.1% in the 2nd quarter. Sei Investments Co. now owns 9,622 shares of the financial services provider’s stock valued at $123,000 after buying an additional 555 shares during the period. TD Asset Management Inc. acquired a new position in shares of Santander Consumer USA Holdings in the 2nd quarter valued at about $133,000. The Manufacturers Life Insurance Company lifted its stake in shares of Santander Consumer USA Holdings by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,577 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 717 shares in the last quarter. Federated Investors Inc. PA lifted its stake in shares of Santander Consumer USA Holdings by 134.9% in the 2nd quarter. Federated Investors Inc. PA now owns 11,605 shares of the financial services provider’s stock valued at $148,000 after purchasing an additional 6,665 shares in the last quarter. Finally, Numeric Investors LLC acquired a new position in shares of Santander Consumer USA Holdings in the 2nd quarter valued at about $189,000. Institutional investors own 91.53% of the company’s stock.

Santander Consumer USA Holdings Company Profile

Santander Consumer USA Holdings Inc is the holding company for Santander Consumer USA Inc, and subsidiaries, a consumer finance company focused on vehicle finance and third party servicing. The Company operates through Consumer Finance segment. Its Consumer Finance business is focused on vehicle financial products and services, including retail installment contracts, vehicle leases, and dealer loans, as well as financial products and services related to motorcycles, recreational vehicles (RVs), and marine vehicles.

Analyst Recommendations for Santander Consumer USA Holdings (NYSE:SC)

Receive News & Ratings for Santander Consumer USA Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Santander Consumer USA Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply